GoldHaven Resources expands Magno Project in British Columbia

Core Insights - GoldHaven Resources has signed an agreement to acquire the Hamel claims, expanding its Magno Project in north-western British Columbia, Canada [1] - The acquisition reinforces GoldHaven's commitment to consolidating its district-scale land position in the region [1][6] - The newly acquired claims cover 429.46 hectares, bringing the total project area to 36,002.99 hectares [2][5] Project Details - Recent fieldwork identified the Cassiar Stock, a 72 million-year-old granite, as a key control on mineralisation within the project area [2] - Mapping has revealed a strong correlation between phases of the Cassiar Stock and mineralised showings, prompting the expansion of the project area [2] - Initial work has connected mineralised skarns along north-south and north-east-trending structures where the Cassiar Stock intrudes Cassiar Terrane sediments [3] Mineralisation Potential - At Magno Central, mineralisation occurs within the Rosella formation, known for silver, lead, and zinc, now also showing potential for indium and gallium [3] - Comparisons to Coeur Mining's Silvertip Project highlight strong regional potential [4] - Recent mapping in the Kuhn and Dead Goat zones has identified skarns dominated by diopside-garnet, with additional mineralisation indicators [4] Financial Terms - GoldHaven will pay C$10,000 (approximately $7,128) in cash and issue 300,000 common shares to the vendor as consideration for the acquisition [5] - All consideration shares will be subject to a standard Canadian statutory four-month hold period [5] Strategic Vision - The CEO of GoldHaven Resources emphasized that the acquisition strengthens the strategic land position within the Magno Project and is crucial for building a district-scale mining portfolio in British Columbia [6] - The company believes the area holds strong exploration potential, and consolidating key ground positions is vital for unlocking shareholder value [6]